Hi There, I submitted my ITR -1 for AY 2016-17 on 30/07/2016, and i somehow forgot to send the ITR - V within 120 days from the submission of ITR 1. I sent ITR - V to CPC Bangalore on 06/03/2017 and after receiving this the website showed the status as 'ITR - V received after Due Date" and on the same day after some time it showed "ITR - V received" , i did receive an email from Income tax department stating that ITR - V has been received however, it's been almost a month and the same has not been processed yet. I heard that ITR - V sent after 120 days are not valid and the AO can reject it as it was never filed. Would some one please tell me if it will get processed or not? it was a refund return. What are the consequences and what will be my course of action. Also, will Income Tax Department will notify me it gets rejected. Please advise. thanks for you help in advance!

Dear Experts,
My employer has deducted my TDS on salary. I want to know will my employer give me the four form 16 i.e for 4 quarter. Or he will give only one consolidated for entire FY

Regards
Subham

Please confirm that if i withdraw Rs 5,00,000. from my current account then whether it will attract penalty or not ?

Dear Experts,

We are providing Health Care Services as of now we are paying Vat on Pharmacy and Luxury Tax on Room Services and Taking Service Exemption under Notification No. 25/2012.

Please tell the GST Applicability on us...

Dear Experts
My turnover in FY 2015-16 is 2690562 and net profit is 6.69% 179999

Pls clarify :- wrather audit will be applicable or not?

Regds
Amit Gwala

Respected sir/madam
what is consolidate bill of supply in GST? are their is any format? advice thanks.........

Respected sir/madam
some item are taxable and non-taxable. hence a taxable person is need to use both taxable invoice and bill of supply or only taxable invoice? please advice thanks........

Respected sir/madam
what are main 5 item of grocery shop cloth store for enter GST application form for new registration? please advice. thanks...............

Respected Sir,            I write this about the chaos in the minds of several tax payers with respect to section 269ST which bars assessee from accepting cash above ₹3,00,000 from  a) in aggregate from one person in a day b) one single transaction c) in respect of transactions relating to an event or an occasion.       There rose doubts among many assessees as to whether the aggregate cash transactions from a single person THROUGHOUT THE YEAR should not exceed ₹3,00,000 or the limit is not for the aggregate transactions in a financial year.          Kindly help me .... Thanks in advance ☺️

can an assessee ask for reason to reopen his case u/s 147 in other word if AO is abide by the law to present the reason to reopen the case u/s 147 after this finance bill 2017